a Mexican horseman or cowboy, typically one wearing an elaborate outfit, often with silver decorations, of tight trousers, ruffled shirt, short jacket, and sombrero. Origin of charro.
These are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.Richard earns $300,000 in 2011 while Mary earns $100,000.hese are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.
2. Determine the terms of the deferred compensation package. Understanding the structure of the pay package is essential to executing the proper accounting treatment. For example, consider a compensation plan issued in 2010 that will pay out a lump sum of $100,000 to an employee in 2015.ecord the journal entries for the establishment of the deferred compensation plan. When the plan is established (in 2010), it represents a liability; that is, an obligation to pay the employee.